Global Strategy Concentration

This course focuses on the process of decision making. In contrast to the economic model that assumes that human nature is determined by perfect rationality, this course highlights the irrationality of human decision making. We show that irrational decision making is not random or senseless, but systematic and predictable. The goal of the course is to explain how information processing, expectations, emotions, social norms, and other invisible, seemingly illogical forces skew our reasoning abilities. Understanding irrationality is important to better understand the actions and decisions of consumers, managers, and policy makers. 

In this course, we will cover how firms can use performance measurement tools and concepts to manage the implementation of strategies. We cover concepts such as the balanced scorecard, strategy maps, action controls, personnel controls, strategic profitability analysis, etc.  The course will emphasize quantitative approaches (i.e.: use calculations to improve decision-making and strategy execution). 

This course focuses on how firms can maximize value by building and evaluating their operating system. More specifically, the course provides rigorous answers to the question of how firms should tailor their operational competencies, assets, and processes to a specific business strategy? The topics include the historical sources of operations strategy, its link to other strategic decisions, process designs, global networks, strategic procurement, the integration of new technologies, environmental considerations, demand management, and the question of how to manage the implementation of a new strategic initiative. 

This course covers aspects of firm growth and it focuses specifically on the differences between traditional growth models and growths achievable through digital business models, platforms and so called zero marginal costs business models. It provides a unique blend of economic theory and practice, applying elements of recent theoretical advances to study the impact of novel digital technologies and new business model designs on strategic analysis. 

This course focuses on corporate governance, corporate investment decisions, corporate financing, and payout policy. Students will act in the position of corporate decision makers applying analytical methods in real-life case studies. The course enables students to design corporate governance structures, make educated investment and financial decisions, and evaluate corporate financial decisions.

This course is an experiential learning module, based on company projects, case studies, and business challenges with specific strategic and organisational issues, so students can develop a clear set of recommendations. Students work with actual companies by getting involved in real-world strategy or business challenges.